In global terms, performance management serves as a a process which allows a global company or multinational venture (MNE) to evaluate and constantly improve individual and corporate and business performance in relation to pre-set goals and targets. Furthermore, performance appraisals are considered to be always a key human resource management (HRM) activity of performance management and can affect the execution of business strategy in a company. According to Milliman et al. (2002, p. 106) the goal of performance appraisals is to 'identify specific advantages and weaknesses, evaluate training needs, plan future development, and provide motivation through providing as a basis for prize and career responses'.
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